PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,826 shares of the company’s stock after purchasing an additional 1,919 shares during the quarter. Ballentine Partners LLC’s holdings in PepsiCo were worth $5,920,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in PepsiCo by 0.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 265,572 shares of the company’s stock worth $44,999,000 after acquiring an additional 2,418 shares during the period. Personal CFO Solutions LLC lifted its stake in PepsiCo by 1.4% during the third quarter. Personal CFO Solutions LLC now owns 5,870 shares of the company’s stock valued at $995,000 after purchasing an additional 79 shares during the last quarter. Jacobi Capital Management LLC boosted its holdings in PepsiCo by 1.0% during the third quarter. Jacobi Capital Management LLC now owns 17,173 shares of the company’s stock worth $2,910,000 after buying an additional 167 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of PepsiCo by 2.1% during the 3rd quarter. Natixis Advisors L.P. now owns 960,684 shares of the company’s stock worth $162,778,000 after acquiring an additional 19,671 shares in the last quarter. Finally, GSB Wealth Management LLC grew its holdings in shares of PepsiCo by 0.5% in the 3rd quarter. GSB Wealth Management LLC now owns 17,436 shares of the company’s stock worth $2,954,000 after acquiring an additional 95 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on PEP. Barclays dropped their target price on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Jefferies Financial Group raised their target price on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. BNP Paribas began coverage on PepsiCo in a research report on Monday. They set a “neutral” rating and a $174.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $186.15.

PepsiCo Stock Up 0.3 %

Shares of PepsiCo stock traded up $0.54 during midday trading on Monday, reaching $167.82. 192,428 shares of the company’s stock traded hands, compared to its average volume of 5,482,432. The company has a market cap of $230.72 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 2.72 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The company’s 50 day simple moving average is $173.71 and its 200 day simple moving average is $170.36. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. Equities analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.23%. PepsiCo’s payout ratio is presently 81.50%.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.